Acquirer sweetens ShopKo deal
September 9, 2005,
GREEN BAY, Wis. -- ShopKo Stores and its would-be acquirer, affiliates of Goldner, Hawn, Johnson & Morrison, have raised the purchase price of ShopKo shares after a number of interested parties let their disapproval of the proposed $24 per-share purchase price be known.
The proposed shareholder vote on Sept. 14 will be convened and immediately adjourned until a later date, according to the company. No new date has yet been set.